Benzinga | Dec 16, 2021 12:56PM EST

Mattel To Develop Family Drama 'Christmas Balloon' Into Live-Action Motion Picture

* Mattel Inc (NASDAQ:MAT) plans to develop the family drama Christmas Balloon into a live-action motion picture.

* Gabriela Revilla Lugo (A Million Little Things) will write the original screenplay based on a true story.

* McKeon and Ivan Sanchez, Creative Executive, will lead the project for Mattel Films. Chris Lemos and Luis Guerrero (Beneath Us, The War Below) of Vital Pictures will produce.

* Christmas Balloon marks the 14th Mattel Film in development. The film follows a young girl, D?yami, living in a Mexican border town who tries to send her Christmas list to Santa tied to a balloon.

* Price Action: MAT shares are trading higher by 1.47% at $20.99 on the last check Thursday.